World Bank launches Kangaroo SDB

Disclosure type: launch
Issuer name: World Bank
Issuer rating: AAA/Aaa
Expected issue rating: as issuer
Announcement date: 3 January 2023
Expected pricing date: 4 January 2023
Lead managers: ANZ, Commonwealth Bank of Australia, Nomura, TD Securities

Transaction type: Kangaroo Sustainable Development Bond
Currency: AUD
Indicative volume: benchmark
Tenor/maturity date: five years
Coupon type: fixed
Price guidance: 40bp/s-q swap, equivalent to 82.35bp/November 2027 ACGBs